View full sizeApproximately 70 lots in the Burton Estates subdivision may be sold as part of a $560,000 deal with Shelby Township-based Jenmax Homes LLC.MLive.com File Photo

BURTON, MI -- City Council members are scheduled to vote Monday, July 15 on the first of a two-stage approval that could transfer ownership of 70 lots in the Trail Ridge subdivision to Shelby Township-based Jenmax Homes LLC.

The item on Monday's evening agenda states the vote would be the first of two required to approve the $560,000 sale and "authorize the Mayor and Clerk of the City to execute all necessary documents to consummate such sale."

When reached about why a potential deal was being sought for the property, Sam Jaskiewicz of Jenmax Homes said "Obviously because I want to make some money is the reason" before declining any further comment.

On its website, the company is described as having "a proven record of excellence in designing and managing homes throughout the Oakland and Macomb County areas," while providing various potential floor plans.

Trail Ridge is one of three foreclosed subdivisions where the city owns lots, having spent $11,925 during a 2008 auction to purchase the empty lots near the corner of Maple Avenue and Belsay Road.

Lots in Burton Estates are up for sale with an $680,000 price tag, while Mallard Ponds is being offered for $426,000 by Remax Grande. The city still owes around $2 million total in bond costs on the three properties.

Mayor Paula Zelenko previously noted there was interest in Trail Ridge, stating in a May 23 MLive-Flint Journal article that "It wouldn't surprise me to see a purchase agreement presented on Trail Ridge sometime in the first part of June."

While the city will not recuperate all the money it has had to pay for development of the subdivision, Zelenko said "The balance that's left we will end up recuperating."

"They are going to pay them as each new home is built and sold," she said of the deal, if it is approved. Any final deal would include clearing property titles which can take between 75 to 90 days, the second approval by council members, as well as ironing out the handling of special assessment costs on the lots for water, sewer and roads.

Some interest has been shown in a potential deal for Mallard Ponds, Zelenko said, but "Nothing serious yet."Roberto can be reached by phone at 810-429-3865, email at racosta1@mlive.com, on Facebook at Roberto Acosta Journalist or on Twitter @racostaJourno.